Who is Rakesh Gangwal?

Rakesh Gangwal

About Rakesh Gangwal

Who is Rakesh Gangwal?

Rakesh Gangwal, the co-founder of India’s largest airlines IndiGo, is an airline veteran whose family owns nearly 37 per cent stake in InterGlobe Aviation, the parent outfit of budget airline IndiGo.
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Early life
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Rakesh Gangwal was born in 1953 and completed his schooling from Don Bosco (Park Circus), Kolkata and Mechanical Engineering from the Indian Institute of Technology Kanpur in 1975. He went on to do his MBA from the Wharton School of the University of Pennsylvania.

Rakesh Gangwal's career
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Rakesh Gangwal's association with the aviation industry began in September 1980, when he was an associate with Booz Allen & Hamilton Inc. He then went on to join United Airlines where he worked as a manager, strategic planning and he went on to become the CEO of US Airways Group from 1998 until his resignation in 2001. After that, Gangwal was the chairman, president, and chief executive officer of Worldspan Technologies from 2003 to 2007.
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IndiGo
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Gangwal cofounded IndiGo, headquartered outside Delhi, with Rahul Bhatia (also a billionaire) in 2006 with one aircraft.
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However, the duo had a bitter fallout in 2009 over corporate governance issues.
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Rakesh Gangwal has resigned from the board as non-executive, non-independent director with immediate effect on Friday and is planning to cut his stake in the airline over the next five years.
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On 4 February, IndiGo's board unanimously approved the appointment of its co-founder Rahul Bhatia as the managing director with immediate effect.

Latest Updates on Rakesh Gangwal

Rakesh Gangwal may put 4% stake in IndiGo on block, can fetch Rs 2.9k cr

2 min read Last Updated :Feb 15 2023 | 11:40 PM IST
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Investors left empty-handed in IndiGo block trade due to slippage

3 min read Last Updated :Sep 12 2022 | 10:35 PM IST
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Gangwal may sell up to 2.8% in IndiGo Airlines for Rs 2,000 cr: Sources

4 min read Last Updated :Sep 08 2022 | 1:32 AM IST
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